The combination Internet Computer/Tether (ICP/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 2.587 is expected.
Caution: A possible trend reversal in the direction of the support zone at 2.468 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 2.600172 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 2.587 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.737 |
| 2nd High | 2.641 |
| Next High | 2.587 |
| Current Price | 2.565000000 |
| Next Low | 2.468 |
| 2nd Low | 2.34 |
| 3rd Low | 2.274 |
2.558 – 2.587 – 2.641 – 2.468 – 2.497 – 2.494 —
2.527000000 – 2.561000000 —
47.284113589358 – 56.13083388361 —
– —
2.558 – 1772742600